Bitcoin able harm my economy fundamental because bitcoin has high value.
SInce my government is weak against dollar, they try for not legalize bitcoin because it can cause inflation.
So I think it's impossible for my government to legalize bitcoin except they have open minded and change their view about bitcoin advantage !
Topic: General use of bitcoin as a legal currency - page 3. (Read 16840 times)
Volatility is a problem with bitcoin. If it is stable then maybe it will be used as a currency. Because it is system that is volatile enough with each passing hour or maybe seconds, the possibility of using it could be mean a great loss to the holder if the market falls so fast. And it rises in value many will sell it immediately if they could sense profit. For short it is so unstable to become a currency.
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
I think there are some concerns that arise about the opportunity Bitcoin to be used by criminals. In other words, there is a public misunderstanding of Bitcoin, they really think bitcoin is only used in illegal activities. In fact, this opportunity actually exists with cash payments and bank transfers that have been used for a long time.
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
it is true that there are still many countries that reject the use of bitcoin currencies, but because they want to protect the value of their own currencies, because they think that the entry of the bitcoin currency will shift conventional currencies and of course cause a decline in the country's currencybut it seems that many countries who refused but the government still allowed the ownership of bitcoin as an asset, because the government tried to apply the asset ownership tax.
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
Although bitcoin is the greatest invention of the last decade, no state will ever recognize it as its main currency. Bitcoin and other decentralized crypto currency can go in any state only in parallel with the national paper money of this state because the decentralized crypto currency has very high volatility, anonymity and is difficult to control by the state. In addition, decentralized crypto currency is foreign to any state, it has nothing to do with the economy of any state, and all other currencies (except for the dollar) are tied to the economy of their states. 
Because this revolutionary technology has not yet been studied by the ruling states. Adopting a crypto currency as a legitimate currency is a cardinal change. Therefore, everything should be well planned and taken into account all the risks, because the consequences can be irreversible.
Because it is still very risky. It is necessary that the crypto currency is more stable, because its volatility can harm the economy.
I think legality is an obstacle for bitcoin for that. because there are several countries that strictly prohibit foreign currency. Also, there are countries that restrict certain currency entity permits such as the Bitcoin exchange.
i believe the population don't know about this and it's no getting enough credit
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
I think this is only a matter of time, I believe it will be realized in the near future. maybe we have to be a little patient to see this bitcoin received as a legal currency in public transactions. Because usually, a new technology like bitcoin is often considered controversial before the benefits have understood by the government.
The whole idea behind bitcoin is rather young, and since it is revolutionary, it takes time to spread. Also, cryptocurrencies are governed by people, not institutions, and this is why some countries are doubtful.
Because cryptocurrencies are managed by people, governments do not show much willingness to legalize them. They can not control the crypto so they try to introduce restrictions in using the crypto. Crypto verification will be a long term process requiring proper regulation.
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
the one who can answer for a while is the country where you live, why not accept bitcoin, but in this case the country has a reason why not / does not accept bitcoin in terms of payment.
but even if the government accepts bitcoin it requires a short process and time.
The whole idea behind bitcoin is rather young, and since it is revolutionary, it takes time to spread. Also, cryptocurrencies are governed by people, not institutions, and this is why some countries are doubtful.
Because cryptocurrencies are managed by people, governments do not show much willingness to legalize them. They can not control the crypto so they try to introduce restrictions in using the crypto. Crypto verification will be a long term process requiring proper regulation.
bitcoin isn't accepted on many countries because every country has its own central bank that has authority to set the currency used and the laws of many countries usually require their citizens to use the domestic currency for transactions
I think that it is still to early to make i a currency, we will need to be patient a little bit more for changes like this but in future, who knows, maybe we will be able to make every day shopping using only a crypto. 
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
The point is in politic and laws, by some of them it is forbidden to use another currency on the territory of the country and by another one bitcoin does not admitted as payment instrument. Every country has it own reasons to not give total freedom to crypto, but as we can see on the example of India, which is planning to legalize bitcoin (by the latest gossip news) that the first opinion and decision about crypto may be changed. all countries have different policies and all countries already have currencies in their respective countries so even though bitcoin is a big invention it all requires a process that must be passed and the process is not easy.
As of now bitcoin is having difficulties to become legal tender because, aside from being volatile, it is also anonymous in nature and being an crypto currency it is difficult to implement because of lack of infrastructure that would cater bitcoin coin in local market.
It is difficult to use bitcoin as general and legal currency
Because in general and legal currency
Price of currency is fixed there will be no change in values of currency. But in case of bitcoin prices are not stable and change again and again that's why it is difficult to do genral use of bitcoins
Because in general and legal currency
Price of currency is fixed there will be no change in values of currency. But in case of bitcoin prices are not stable and change again and again that's why it is difficult to do genral use of bitcoins
all countries have different policies and all countries already have currencies in their respective countries so even though bitcoin is a big invention it all requires a process that must be passed and the process is not easy.
I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
Yes, bitcoin is a great discovery in this century, however, on the one hand, this has created confusion for policy makers from various countries in taking steps to provide regulations for individuals and businesses on how to integrate this new technology with formal financial system regulations. I think it's only a matter of time until eventually bitcoin can be accepted as legal currency in public transactions in various countries.
How can they accept what is, in principle, not in their competence. They did not create the currency, the government did not do anything for the crypt.
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